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Britestar

How many Republicans does it take to screw up an economy?

Seven year chart comparing the Euro to the Dow/S&Phttp://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=9&show​chartbt=Redraw+chart&compsyms=&CA=1&CB=1&D4=1&DD=1​&D5=0&DCS=2&MA0=0&MA1=0&CP=1&C5=1&C5D=17​&C6=2001&C7=1&C7D=17&C8=2008&C9=-1&CF=0&D7​=&D6=&symbol=%2FEURUS&nocookie=1&SZ=0Three month chart comparing the Euro to the Dow/S&P.http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=9&show​chartbt=Redraw+chart&compsyms=&CA=1&CB=1&D4=1&DD=1​&D5=0&DCS=2&MA0=0&MA1=0&CP=1&C5=10&C5D=17​&C6=2007&C7=1&C7D=17&C8=2008&C9=-1&CF=0&D7​=&D6=&symbol=%2FEURUS&nocookie=1&SZ=0You would have been much better off, exchanging your dollars for euros and investing in their market, putting them in the bank or just hiding them under your bed.
Trina:

Careful.....most of them are still hanging on the "it's Clinton's Fault!" excuse....

J.E.T.:

i don't hate you, but still i don't really consider myself a republican, just a conservative....

Trina:

Yes...I've noticed that "Republicanism" has changed since the Reagan administration...so has the Democratic party....I think we need a more feasible third party option.

J.E.T.:

'republicanism' is no longer the conservative party we need, i talk with many democrats who say that they are not liberals... mmmmm i forgot where i was going with this (work is distracting me) but i agree, we do need a feasible third option... not just some listing on the ballet that say's 'independant' or 'other'... I could go on and on, but i will leave it at that.... :)

Britestar:

The Chairman of the Fed went to Congress today and told them the best way to stimulate the economy was to put about 100 billion dollars into the hands of the poor or lower middleclass. People who would spend it quickly and spread the money around.

Trina:

Yes Roland...I used to consider myself "liberal" and "demorat" but the last two years I've found myself stuck in the grey area....alone with my "ideals" and no where to invest them.

Third party option gets my vote!

Trina:

haha! That's democrat...not Demorat....ha!

J.E.T.:

I'm pretty poor, but i would hoard my moneys...

Britestar:

They discussed increases in food stamps and unemployment benefits. They were looking for ways to get money to people who might not show up on the lists such as taxes. Most poor do not hoard their money and hungry people have an incentive to eat.

Maybe they could bring back the democratic republican party of Thomas Jefferson.

Trina:

Yes that would be interesting...I wonder if Jefferson's party would work in our government now. Intersting.

Britestar:

I think it could because the emphasis was on statesmanship and not such a rigid political policy. Someone was allowed to vote their conscience and be respected for it. It was more a federalist opposition party in practice.

Jack:

Ben Bernanke is a complete IDIOT!

He's so bad at monetary policy that I yearn for the good old days of the incomplete idiot, Greenscam!

Bernanke is dropping interest rates when they should be raised to halt inflation / stagflation. Now, this lip-strummer urges Congress to dole out a pittance to the unwashed masses to "stimulate" the economy.

Excuse me? When did inflating the currency ever do ANY good whatsoever.

I'm with Gary, let's bring back Jeffersonian democracy and abandon the Nanny State.

Britestar:

That just means even a complete IDIOT knows that the Fed cannot control inflation caused by monopolies. It isn't a coincidence that over 70% of the ore deposits are owned by national oil companies. They are expert at manipulating commodity prices and they don't make them go down. If food prices are high, why is our government still subsidizing farmers to not plant? Why has a program originally designed to help struggling farmers been turned into a rich man's welfare program?

Many of those high commodity prices are a direct result of lack of competition in the market place. Globalization has allowed companies to get away with things that are prohibited by law to do in this country, like conspiring to set prices. It isn't a free market and if the U.S. isn't strong enough to stop it, what makes you think other countries can?

Slap Daddy:

An "Internet troll" or "Forum Troll" or "Message Board Troll" is a person who posts outrageous message to bait people to answer. Forum Troll delights in sowing discord on the forums. A troll is someone who inspires flaming rhetoric, someone who is purposely provoking and pulling people into flaming discussion. Flaming discussions usually end with name calling and a flame war.

Rori?:

1

Gbob_north:

Prices are down, so you're suggesting NOT to invest...not when prices are low, because you'd never want to buy low?

Britestar:

gbob_north. low doesn't have anything to do with a good investment if the prices are expected to continue to go lower. Good investers find things that are going up and buy and sell them before they reach the top. Only amateurs try to predict a low. Time is also a factor in investing

The first chart shows the first seven years of the Bush administration. He had control of the Congress for six of those years. It is proof the economy hasn't been good and every day the word recession is being used. This is the direct result of Republican Voodoo economics and no one else is to blame.

J.E.T.:

i always thought you bought low... sold high.... he heh eh?

J.E.T.:

i thing gasoline will be the next 'gold', and people will diversify thier portfolios with gasoline, and the gold market will go back down... ha hah heh he JK ;)

Gbob_north:

If the NASDAQ adn S&P don't recover, money will be the least of our worries. In short, if I didn't have faith in their eventual recovery, I'd be putting my money in canned food and shotgun shells.

Britestar:

Roland. I love investing. A dummy would look for the financials to reach their lows by buying them in the near future and make a profit five years from now. A smart investor wouldn't touch them until they have passed their lows and are going up. The smart investor avoids two years of negative growth and makes the money when it is timely and safe. Time is a factor in investing and having stocks lose their value and taking years to recover, is dumb. Predicting a bottom is dumb. No one is that good. It isn't hard to predict when something is going up or down, however, and to only own it when it is going up. Just own something else the other times, there is always something going up and something going down.

You can sell millions of dollars of stocks for $10 or less. Why would you want to hold them?

Trina:

What about investing in Gold itself? Isn't that a good idea nowadays?

J.E.T.:

sorry, please excuse my cynicism...

Trina:

No no...not a problem Roland...ha...I was actually serious! Isn't it a good idea to do so, what with the value of the dollar dropping?

Britestar:

Here is a company that traded today at a low of $18.38 per share.

http://moneycentral.msn.com/detail/stock_quote?Symbol=beas

Oracle agreed to buy the company for $19.375 per share and will settle up in mid year. That is about 12.8% yield over the next 5 months. It sure beats losing money.

Some think gold will continue to increase. The problem with gold investment is at today's price, some of the demand from jewelry gets priced out of the market. Historically, silver and platinum have trailed gold. Platinum is rare, has an easily interrupted supply and many industrial uses. Silver is speculation because there are few uses and a vast supply. Copper gets depressed when electrical supplies are not needed for new home construction.

There are many other commodities and the forex for currency exchanges. Some like the Australian dollar, for example. The eurodollar has been a long favorite. Recessions have a tendency to reduce commodity prices, so caution is advised.

Gbob_north:

So we should buy while the prices are going up? What do you say to the people who invested three months ago when the prices were still climbing?

Gbob_north:

Someone knows a bargin when it's on the table.
http://biz.yahoo.com/ap/071127/citigroup_abu_dhabi.html

Britestar:

gbob_north. What were they investing in? It wasn't the stock market. Here is a six month chart:

http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=9&show​chartbt=Redraw+chart&compsyms=&CA=1&CB=1&D4=1&DD=1​&D5=0&DCS=2&MA0=0&MA1=0&CP=1&C5=7&C5D=17​&C6=2007&C7=1&C7D=17&C8=2008&C9=-1&CF=0&D7​=&D6=&symbol=%2FEURUS&nocookie=1&SZ=0

If someone doesn't have the knowledge or the time to buy and sell investments properly, they should stay away from investing by only investing in something safe like bonds or find someone with experience to do it for them. If they invest in something where they can lose money, they have to stay on top of it and get out before it goes bad. Buy and hold doesn't work, buy and sell works. This isn't 1960.

Jack:

I know a few millionaires were made last week when Countrywide sh1t the bed. Money can be made in ANY market, it all depends upon your position. Now is a great time to be short.

Now might also be a great time to buy houses. Let's see, mortgage originations are WAY up. Housing inventories are beginning to shrink in some markets. 97.4% of all mortgages are still being paid on time. Rents are on the rise. You can buy foreclosed homes for 20% to 30% below the current market.

Gold is always a sensible hedge against inflation, as is silver. Bonus: Our out-of-control Congress will almost guaranty that inflation will continue to tax your earnings. (Inflation is the most cruel form of taxation, ya know.) Gold could easily double in the not-too-distant future ... but if the global economy crashes, there may be no reasonable limit to its value. Other commodities will collapse, as Gary suggests.

Britestar:

Here is a three month of Citigroup:

http://moneycentral.msn.com/investor/charts/chartdl.aspx?iax=1&Sym​bol=C

Notice the slight upturn near the Nov 27 date of your article. That didn't exactly make Abu Dhabi do this:

http://www.youtube.com/watch?v=kb6ErLPt4t8

Bank of America and Abu Dhabi are investors large enough to affect the market. People aren't. Even a million dollars is not enough to move a stock and unless you are a billionaire with the problems involved with investing billions of dollars, you don't make such rash investments. If BAC didn't buy Countrywide it would have went bankrupt and dissolved. It wasn't for the sake of investment, but to allow it to get around that 1870 10% law. BAC is looking for the long term gain.

http://moneycentral.msn.com/detail/stock_quote?Symbol=bac

Who do you think bailed out the stock market in Oct 1987?

Do you have any idea how much money is involved in financials. It is three and a half times the GDP of the entire world.

Britestar:

THE TOP 10 OF THE FORBES 2000
1. Citigroup
2. Bank of America
3. HSBC
4. General Electric
5. JPMorgan Chase
6. American International Group
7. Exxon Mobil
8. Royal Dutch Shell Netherlands
9. UBS Swizerland Diversified Financials
10. ING Group

Britestar:

Oh, by the way, Scott D. I just heard on CNBC financial network news that housing prices are expected to drop 15% in the U.S., this year. Now I realize that you are a real estate agent with all those stars, but aren't you afraid someone might be stupid enough to listen to your advise? Your chances of profiting from it are rather slim and their chances of losing a lot of money are very great. You two live in a fantasy world.

Jodi:

None---They have already done it.

Miloslav:

Only Hillary can do that!

Britestar:

The sad thing is some agree with you.

Miloslav:

IT IS WONDERFUL!!!!!!!!

J.E.T.:

any dumba%# can screw upan economy, the artis in how you do it....;)

Chris:

1

Tim:

you can have Pm Harper if you wnat..lmao!!!!!!

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